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140 Year Old Stock Streak In Jeopardy
Submitted by Tyler Durden on 12/26/2015 12:31 -0400So with a week to go in 2015, the pressure is on for this 140 year old streak. For those curious, the number to watch is 2058.90, i.e., last year’s closing price on the S&P 500.
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100 "Diehard" ISIS Militants Stand Between Iraqi Army And Recapturing Key City
Submitted by Tyler Durden on 12/26/2015 10:34 -0400"Our troops are now advancing toward their targets but were delayed because the criminals have booby-trapped everything."
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Russia Kills Top Rebel Leader Zahran Alloush In Airstrike Near Damascus
Submitted by Tyler Durden on 12/25/2015 21:15 -0400In a major blow for one of Syria's most powerful opposition forces, a Russian airstrike has killed Jaysh al Islam chief Zahran Alloush and several of his deputies.
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Wall Street's Most Prominent Former Permabull Is Worried About Just One Number
Submitted by Tyler Durden on 12/25/2015 21:28 -0400In the world of fiction, the most famous threshold may be that of 88 miles per hour. In the non-fictional world of economics and finance, however, an even more important threshold is that of 5% unemployment. At that moment everything changes. Wall Street's most prominent former converted permabull, Jim Paulsen, explains.
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What If Jesus Had Been Born 2,000 Years Later In The American Police State?
Submitted by Tyler Durden on 12/25/2015 22:15 -0400"The Roman Empire, a police state in its own right, had ordered that a census be conducted. Joseph and his pregnant wife Mary traveled to the little town of Bethlehem so that they could be counted. There being no room for the couple at any of the inns, they stayed in a stable, where Mary gave birth to a baby boy. That boy, Jesus, would grow up to undermine the political and religious establishment of his day and was eventually crucified as a warning to others not to challenge the powers-that-be." But what if Jesus, the revered preacher, teacher, radical and prophet, had been born 2,000 years later? How would Jesus’ life have been different had he be born and raised in the American police state?
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Pennsylvania, Illinois Usher In The New Year With Record Budget Impasses
Submitted by Tyler Durden on 12/25/2015 21:30 -0400"The longer you wait to try to catch up on funding, the worse the situation gets."
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The Christmas Spirit Of Staring Into Screens Together
Submitted by Tyler Durden on 12/25/2015 21:01 -0400“It’s just great to get home for a while and spend some quality time not speaking a single word to my relatives, whether that’s by sipping hot cocoa with my sister while we both check our emails, or by gathering the whole clan for a nice holiday meal where everyone is fixedly looking down at the text messages on their phones—’tis the season, you know?”
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Read The Letter That Turned Folk Icon Pete Seeger Into An FBI Target
Submitted by Tyler Durden on 12/25/2015 20:45 -0400At 23-years old, Pete Seeger was an Army Private anxiously awaiting the opportunity to be deployed to fight fascism in the midst of World War II, when he became outraged by injustice in his own backyard. As such, he wrote the following letter to the California chapter of the American Legion. For this thoughtful expression of his First Amendment rights, Pete Seeger ended up on an FBI watch-list; a place he would remain for the next thirty years. Following a Freedom of Information Act request, we now have access to his shocking 1,800 page file...
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The Number Of Young Adults Living With Their Parents Has Never Been Higher (But It Could Be Worse)
Submitted by Tyler Durden on 12/25/2015 20:13 -0400Three years after 2012, Goldman has finally admitted that all the talk about a major exodus of your Americans from parental houses and into the harsh crony capitalist world, was nothing but hot air. As the chart below shows, the share of 18-34-year-olds living with their parents has never been higher.
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These Are The Top 20 Companies By Market Cap Over The Past Decade
Submitted by Tyler Durden on 12/25/2015 19:45 -0400
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Islam & The West - "Moving Towards A Head-On Collision"
Submitted by Tyler Durden on 12/25/2015 19:15 -0400"...the march towards secularism and freedom is not inevitable. In fact, it’s problematic because we have a situation where every year the West becomes more secular, open, tolerant and liberal while many parts of the Muslim world are going the other way. So it would seem that we might be moving towards a head-on collision of some sort... In most Muslim countries the majority of people are tolerant. They want to live in a more inclusive society and have a more liberal religious doctrine. The problem is that Islam seems to have been hijacked by a vocal minority of people who are prepared to use violence to advance their very intolerant and conservative version of Islam."
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France Changes Constitution To Protect "Emergency" Police Powers From Court Challenges
Submitted by Tyler Durden on 12/25/2015 17:43 -0400Europe's Patriot Act has finally taken shape: according to a proposed amendment, the French state-of-emergency police powers, such as to conduct warrantless searches and order house arrests, will be unconditionally shieleded from court challenges.
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Pets Suck But Jewelry Rocks - The Best & Worst Gifts (And Gift-Givers) Of Christmas
Submitted by Tyler Durden on 12/25/2015 17:00 -0400"Anyone who has studied microeconomics knows... that an income transfer, as opposed to a gift in-kind, gets you to a higher level of utility," but as WSJ reports, putting theory under the tree is another matter. After years of studying the economics of gift-giving, economists have found that some gifts are valued more highly than others, and that some gift-givers seem to be better than others...
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Rand Paul's Festivus Airing Of Grievances Against Government Waste
Submitted by Tyler Durden on 12/25/2015 15:30 -0400U.S. Senator Rand Paul today released a special ‘Festivus: Airing of Grievances for 2015’ edition of ‘The Waste Report,’ - an ongoing project cataloguing egregious examples of waste within the U.S. government.
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Chinese State Firms' Debt Hits New All Time High, As Profits Tumble
Submitted by Tyler Durden on 12/25/2015 14:43 -0400As SOE profits continue to deteriorate at the expense of maximizing jobs and employment (recall the biggest threat facing China is a working class insurrection, or simply said, "lower and middle-class revolution") debt at these same SOEs just hit a new record high: according to the same FinMin numbers, total SOE debt rose by CNY393 billion to CNY78.3 trillion, or over $12 trillion - well above 100% of total Chinese GDP.
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